MANAGEMENT

Detailed explanation-1: -Market research allows a company to discover the target market and get opinions and other feedback from consumers about their interest in the product or service. This type of research can be conducted in-house, by the company itself, or by a third-party company that specializes in market research.

Detailed explanation-2: -Market survey is the survey research and analysis of the market for a particular product/service which includes the investigation into customer inclinations.

Detailed explanation-3: -"A marketing information system, which continuously collects the initial, routine and systematic data, is not only used for one particular topic but is designed for monitoring the degree of the marketing success to ensure the achievable of the operation as well."

Detailed explanation-4: -Market research is the process of collecting, analyzing, and interpreting data about competitors, target markets, or an industry as a whole.